Laser Focus World is an industry bedrock—first published in 1965 and still going strong. We publish original articles about cutting-edge advances in lasers, optics, photonics, sensors, and quantum technologies, as well as test and measurement, and the shift currently underway to usher in the photonic integrated circuits, optical interconnects, and copackaged electronics and photonics to deliver the speed and efficiency essential for data centers of the future.

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Editorial Advisory Board

  • Professor Andrea M. Armani, University of Southern California
  • Ruti Ben-Shlomi, Ph.D., LightSolver
  • James Butler, Ph.D., Hamamatsu
  • Natalie Fardian-Melamed, Ph.D., Columbia University
  • Justin Sigley, Ph.D., AmeriCOM
  • Professor Birgit Stiller, Max Planck Institute for the Science of Light, and Leibniz University of Hannover
  • Professor Stephen Sweeney, University of Glasgow
  • Mohan Wang, Ph.D., University of Oxford
  • Professor Xuchen Wang, Harbin Engineering University
  • Professor Stefan Witte, Delft University of Technology

Legion Partners Comments on Reports of Nutanix’s Sale Process

Believes Reported Interest Reinforces that Nutanix’s Long-term Value Has Not Been Reflected in its Recent Stock Price

Encourages Board to Fully Explore All Potential Options – Particularly with Strategic Buyers – in Order to Achieve Best Outcome for All Stockholders

Legion Partners Asset Management, LLC, together with its affiliates (collectively, “we” or “Legion Partners”), a significant stockholder of Nutanix (the “Company”) (NASDAQ: NTNX), today commented on recent media reports that Nutanix has received interest from potential acquirers and is exploring a sale:

“Our recently disclosed engagement with Nutanix and the associated discussions around its business only served to reinforce our conviction that the Company’s trading price has for some time not appropriately reflected its full value. Nutanix should be valued at a multiple appropriate for the high-growth and high-quality enterprise subscription software company that it is, not like the hardware stock it has been recently valued as. As such, we are encouraged by the reports today that the Company has received interest from third parties and believe that, in light of this, the Board must properly evaluate alternatives including all potential partners.

Given Nutanix’s unique position and current industry dynamics, in our view, a strategic buyer would be the ideal partner for the Company. We encourage the Board to fully explore all options in order to achieve the best outcome for all stockholders and we will be observing the process closely.”

About Legion Partners

Legion Partners is an activist investment manager based in Los Angeles, CA, focused on U.S. small-cap companies. Legion seeks to generate attractive long-term returns employing deep fundamental research, a concentrated portfolio and responsible, collaborative engagement as a catalyst for value creation. Founded in 2012, Legion takes a value-driven approach to managing a high-conviction portfolio on behalf of sophisticated institutional and individual investors. Learn more at www.legionpartners.com.

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